{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-26-000833","form_type":"8-K","ticker":"CBDW","cik":"0001877461","company_name":"1606 CORP.","filed_at":"2026-02-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.648666+00:00","generated_at":"2026-05-16T02:32:37.567990+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"1606 Corp. signs non-binding term sheet to acquire Texas 55 MW power/ data-center facility for $11.67M","bullets":["Total consideration $11.67M: $7.5M cash plus assumption of $4.17M debt; $500K earnest money upon definitive agreement.","Asset includes 132 acres, 55 MW power generation facility, and 50,000 sq ft data-center ready warehouse in Lufkin, TX.","Expected close on or before March 11, 2026, subject to negotiation of definitive agreements and customary conditions.","Company also discloses ongoing negotiations to acquire Sim Agro, a power-plant operations firm, to run the asset.","CEO states acquisition is a step toward building scalable power infrastructure and pursuing higher exchange listing."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-26-000833","json":"https://secwatch.observer/filing/0001477932-26-000833.json","markdown":"https://secwatch.observer/filing/0001477932-26-000833.md","text":"https://secwatch.observer/filing/0001477932-26-000833.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1877461/000147793226000833/0001477932-26-000833-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1877461/000147793226000833/cbdw_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:32:37.567990+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}